The several tries on EURUSD for a higher high and result was failed for all of them. In spite of lower lows which occur easily these days. All signs conduct us to a bearish channel where EURUSD is in it these days. As the price has moved to channel resistance, the view remains cautiously bearish. For a midterm analysis touching support level of channel is expectable but for long term trades, all should also be aware of flag pattern. One look analysers will see a bearish trend, 50% Fibo level corrected and will continue bearish to fulfill normal bearish move which will start from the middle of October 2015. But there is also a fundamental case which can change simple analyses.
Technical analysis of EURUSD dated 12.01.2016
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